aleo solar AG supplies solar modules and photovoltaic systems worth more than
EUR 35 million to European countries

15.07.2008 – 07:17

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Prenzlau/Oldenburg (euro adhoc) - aleo solar AG today announced that
it continues to expand its market position in Europe. Customers from
Germany, Italy and the Czech Republic have ordered solar modules and
photovoltaic systems worth more than EUR 35 million for the current
year. Together with the contracts previously reported, the current
order volume of aleo solar AG for the year 2008 amounts to over EUR
185 million.

While German and Spanish customers have long played a part in aleo
solar´s strong revenue growth, Italy is now becoming an increasingly
important market. "The positive development in Italy provides
sustainable momentum to our international business. The prospects for
the next years are excellent," said Jakobus Smit, CEO of aleo solar
AG. aleo solar expanded its presence in Italy with the establishment
of aleo solar Italia S.r.l. in January and celebrated the
inauguration of its Treviso office in May. "Our customers in Italy
increasingly appreciate our expertise in rooftop installations, which
aleo solar has gained in Germany. This is also reflected in a
consistently high demand for photovoltaic systems, which means that
we do not just sell solar modules but also matching inverters and
mounting systems," Smit added.

In addition to Italy, Greece continues to show a positive
development. Among others, a green-field photovoltaic installation
using aleo solar modules worth more than EUR six million is being
constructed in Greece. Added to this are initial orders from Eastern
European countries: also solar AG supplies solar modules worth in
excess of EUR six million for a photovoltaic power plant in the Czech
Republic.